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HONG KONG, July 26: Asian stocks consolidated on Tuesday amid mild profit-taking with sentiment only partially impacted upon by weakness on Wall Street and some concern over oil prices, dealers said. They added that sentiment remained solid with investors still digesting a 2.1 per cent revaluation of the Chinese yuan and its impact on regional trade and currencies, alongside a range of local issues.
Australia, New Zealand, Jakarta and India struck fresh record highs, albeit on modest gains while others were flat with the release of a raft of profit results and key US data due out later this week keeping investors sidelined.
TOKYO: Share prices closed 0.21 per cent lower as the market fretted over a resurgence in crude oil prices that caused Wall Street to slip.
The Nikkei-225 index lost 24.69 points to 11,737.96. on volume of 1.30 billion shares, little changed from 1.33 billion on Monday.
Among machinery makers, Fanuc closed down 120 yen or 1.5 per cent at 7,740 and Sumitomo Heavy Industries slid 14 yen or 2.5 per cent to 540.
HONG KONG: Share prices closed 0.16 per cent lower on profit-taking in properties and other blue chips, with investors cautious ahead of the release of key US economic data later this week.
SYDNEY: Share prices inched up to close at another record high for a fourth straight day as investors bought into the market ahead of the upcoming results reporting season.
In the key resources stocks, BHP Billiton slipped 0.03 to 19.19 dollars while Rio Tinto gained 0.30 to 47.66 dollars.
News Corp fell $0.13 to $23.11, Telstra gained $0.04 to $5.14 and Qantas was steady at $3.34.
SINGAPORE: Share prices closed 0.53 per cent higher with banks and Singapore Telecommunications (SingTel) leading the gains.
Oversea-Chinese Banking Corp, which is expected to also raise rates, rose 20 cents to 12.70 while United Overseas Bank gained 10 cents to 14.70.
Among property firms, Wing Tai was up one cent to 1.22.
KUALA LUMPUR: Share prices closed 0.44 per cent lower following Wall Street’s weaker finish overnight, with fresh concerns over rising oil prices weighing on sentiment and prompting profit-taking after recent gains.
The composite index was down 4.10 points at 935.74. Volume was 478.21 million shares valued at 839.14 million ringgit (221 million dollars).
JAKARTA: Share prices rose 0.71 per cent for another record finish on expectations of strong earning reports by market heavyweights Telkom and Astra International.
The market had been rising sharply after the government bought back 1.14 trillion rupiah worth of treasury bonds last week, Mitra Investdana Sekurindo head of research Sumarmo Harjosumarto said.
WELLINGTON: Share prices rose 0.57 per cent to a new high, driven by gains in some market leaders and new takeover activity, dealers said.
ABN Amro Craigs broker James Lock said the market seems to be driven by a higher level of liquidity and a lack of product.
MUMBAI: Share prices closed for a second straight record high with the market buoyed by a central bank decision to keep interest rates stable.
The 30-share Sensex rose 47.17 points or 0.63 points pc to close at 7,552.77, beating the previous high of 7,505.60 set Monday. Trading volumes were $811m.—AFP
